NATIONAL MERIT SCHOLARSHIP CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- NATIONAL MERIT SCHOLARSHIP CORPORATION (EIN 36-2307745)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2013-10-11
- IRS object ID
- 201322849349300342
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-10-11T13:10:40-05:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 S WACKER DRIVE STE 800 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60606 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 362307745 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | National Merit Scholarship Corporation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | NATI | NameControl |
| Phone | 8478665111 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1560 Sherman Avenue No 200 | AddressLine1 |
| City | Evanston | City |
| State | IL | State |
| ZIP Code | 602014897 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Kamilla L Spoehr | Name |
| Title | Treasurer | Title |
| Phone | 8478665111 | Phone |
| Date Signed | 2013-10-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Wayne Harder | Name |
| PTIN | P00294296 | PTIN |
| Phone | 3126343400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Timothy E McGuire | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1560 Sherman Avenue No 200 | AddressLine1 |
| City | Evanston | City |
| State | IL | State |
| ZIP Code | 602014897 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 132900302 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.nationalmerit.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1955 | YearFormation |
| State Legal Domicile | IL | StateLegalDomicile |
| Activity Or Mission Description | To conduct nationwide academic competitions for recognition and college undergraduate scholarships | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 21 | NbrIndependentVotingMembers |
| Total Nbr Employees | 49 | TotalNbrEmployees |
| Total Nbr Volunteers | 24 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 46077398 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 44256847 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 2691597 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 2685289 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 6157720 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6454037 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 519 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 54927234 | TotalRevenuePriorYear |
| Total Revenue Current Year | 53396173 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 50506839 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 50099663 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2733954 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2762628 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1294176 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 8413607 | OtherExpensePriorYear |
| Other Expenses Current Year | 5919162 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 61654400 | TotalExpensesPriorYear |
| Total Expenses Current Year | 58781453 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -6727166 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -5385280 | RevenuesLessExpensesCY |
| Total Assets BOY | 150045003 | TotalAssetsBOY |
| Total Assets EOY | 164839554 | TotalAssetsEOY |
| Total Liabilities BOY | 3860008 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3231104 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 146184995 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 161608450 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | The mission of National Merit Scholarship Corporation (NMSC) is to recognize and honor the academically talented students of the United States. NMSC accomplishes its mission by conducting nationwide academic scholarship programs. The enduring goals of NMSC's scholarship programs are: to promote a wider and deeper respect for learning in general and for exceptionally talented individuals in particular; to shine a spotlight on brilliant students and encourage the pursuit of academic excellence at all levels of education; and to stimulate increased support from organizations that wish to sponsor scholarships for outstanding scholastic talent. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 52154840 | Expense |
| Grants | 47285899 | Grants |
| Revenue | 2284017 | Revenue |
| Description | The National Merit Scholarship Program is an academic competition for recognition and scholarships that began in 1955. High school students enter the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) - a test which serves as an initial screen of approximately 1.5 million entrants each year-and by meeting published program entry/participation requirements. For fiscal year 05/31/13 the National Merit Scholarship Program included:Four-Year Renewable Scholarships: 25,721 recipients One-Time Awards: 2,724 recipients | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 3622248 | Expense |
| Grants | 2813764 | Grants |
| Revenue | 401272 | Revenue |
| Description | The National Achievement Scholarship Program is an academic competition established in 1964 to provide recognition for outstanding Black American high school students. Black students may enter both the National Achievement Program and the National Merit Program by taking the Preliminary SAT/National Merit Scholarship Qualifying Test (PSAT/NMSQT) and meeting other published requirements for participation. A student's standing is determined independently in each program. Black American students can qualify for recognition and be honored as Scholars in both the National Merit Program and the National Achievement Program, but can receive only one monetary award from NMSC. For fiscal year 05/31/13 the National Achievement Scholarship Program included: See Schedule OFour-Year Renewable Scholarships: 338 recipients One-Time Awards: 702 recipients | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 55777088 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 31 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 49 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 21 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CO | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | RI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kamilla L Spoehr | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8478665111 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1560 Sherman Avenue Suite 200 | AddressLine1 |
| City | Evanston | City |
| State | IL | State |
| ZIP Code | 602014897 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| Richard L Keyser | ||||||
| Chairman | 0.50 | X | X | 0 | 0 | 0 |
| Diana M Schmelzer | ||||||
| Vice Chairman | 0.50 | X | X | 0 | 0 | 0 |
| Deborah V Traskell | ||||||
| Vice Chairman | 0.50 | X | X | 0 | 0 | 0 |
| Lori Bettison-Varga | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Scott S Cowen | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Frank J Dellaquila | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Mark C Dziatczak | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| James R Donnelley | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Gregory L Geoffroy | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Linda R Gorsline | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Mark A Haught | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Edwin S Hedgepeth | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Michael J Heilman | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| John C Hitt | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Matthew P Horvat | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Michael G Johnson | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Brian C Mitchell | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| CE Quandt | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Thomas J Quinlan III | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Sue Sloan | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Thomas R Voss | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Dirlene Wheeler | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Robert E Witt | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| James H Wooten Jr | ||||||
| Director | 0.50 | X | 0 | 0 | 0 | |
| Timothy E McGuire | ||||||
| President | 35.00 | X | X | 217692 | 0 | 39721 |
| Jeffrey Z Little | ||||||
| Executive Vice President | 35.00 | X | 120326 | 0 | 24768 | |
| Thomas S Blade | ||||||
| VP and Executive Director of IT | 35.00 | X | 90939 | 0 | 12067 | |
| Karen E Bruce | ||||||
| Treasurer (until 02/28/13) | 35.00 | X | 94633 | 0 | 20357 | |
| Kamilla L Spoehr | ||||||
| Treasurer (as of 03/01/13) | 35.00 | X | 0 | 0 | 0 | |
| Richard L Sevcik | ||||||
| Corporate Secretary | 0.50 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 523590 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 96913 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Computer Aid Inc | |||||
| 1390 Ridgeview Dr | Allentown | PA | 18104 | IT Consultant | 4868788 |
| Adeptia | |||||
| 443 N Clark Street Suite 350 | Chicago | IL | 60654 | IT Consultant | 1571840 |
| Sogeti | |||||
| 10100 Innovation Dr Suite 200 | Dayton | OH | 45342 | IT Consultant | 1525209 |
| Parity Systems Ltd | |||||
| 933 Asbury Ave | Evanston | IL | 60202 | IT Consultant | 519640 |
| Morgan Lewis & Bockius LLP | |||||
| 1701 Market Street | Philadelphia | PA | 19103 | Legal Services | 248287 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| All Other Contributions | 44256847 | AllOtherContributions |
| Total Contributions | 44256847 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Test Fee Revenue | 900099 | 2673756 | 2673756 |
| Sponsor Admin. Service | 561000 | 11533 | 11533 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 2685289 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2003053 | TotalRevenueColumn |
| Exclusion | $2,003,053 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 83955113 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 79504129 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4450984 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4450984 | TotalRevenueColumn |
| Exclusion | $4,450,984 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 53396173 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2685289 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $6,454,037 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2673756 | Total |
| Program Services | 2673756 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47425907 | Total |
| Program Services | 47425907 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 485147 | Total |
| Program Services | 116349 | ProgramServices |
| Management And General | 257666 | ManagementAndGeneral |
| Fundraising | 111132 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1679170 | Total |
| Program Services | 1322487 | ProgramServices |
| Management And General | 236500 | ManagementAndGeneral |
| Fundraising | 120183 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 247104 | Total |
| Program Services | 154689 | ProgramServices |
| Management And General | 57454 | ManagementAndGeneral |
| Fundraising | 34961 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153708 | Total |
| Program Services | 119827 | ProgramServices |
| Management And General | 19211 | ManagementAndGeneral |
| Fundraising | 14670 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 197499 | Total |
| Program Services | 139108 | ProgramServices |
| Management And General | 40594 | ManagementAndGeneral |
| Fundraising | 17797 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 163647 | Total |
| Program Services | 70996 | ProgramServices |
| Management And General | 70996 | ManagementAndGeneral |
| Fundraising | 21655 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 36240 | Total |
| Management And General | 36240 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 267274 | Total |
| Management And General | 267274 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 360558 | Total |
| Program Services | 248156 | ProgramServices |
| Management And General | 63036 | ManagementAndGeneral |
| Fundraising | 49366 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342161 | Total |
| Program Services | 243710 | ProgramServices |
| Management And General | 26679 | ManagementAndGeneral |
| Fundraising | 71772 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2964898 | Total |
| Program Services | 2075429 | ProgramServices |
| Management And General | 326139 | ManagementAndGeneral |
| Fundraising | 563330 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 450719 | Total |
| Program Services | 292968 | ProgramServices |
| Management And General | 81129 | ManagementAndGeneral |
| Fundraising | 76622 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29804 | Total |
| Program Services | 19014 | ProgramServices |
| Management And General | 6556 | ManagementAndGeneral |
| Fundraising | 4234 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77664 | Total |
| Program Services | 77664 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1182940 | Total |
| Program Services | 768911 | ProgramServices |
| Management And General | 212929 | ManagementAndGeneral |
| Fundraising | 201100 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43257 | Total |
| Program Services | 28117 | ProgramServices |
| Management And General | 7786 | ManagementAndGeneral |
| Fundraising | 7354 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 58781453 | Total |
| Program Services | 55777088 | ProgramServices |
| Management And General | 1710189 | ManagementAndGeneral |
| Fundraising | 1294176 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150 | BOY |
| EOY | 150 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3288099 | BOY |
| EOY | 9950701 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 821434 | BOY |
| EOY | 81590 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 31795 | BOY |
| EOY | 45598 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 9886619 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2128810 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5545899 | BOY |
| EOY | 7757809 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 140234902 | BOY |
| EOY | 146950923 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122724 | BOY |
| EOY | 52783 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150045003 | BOY |
| EOY | 164839554 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2108943 | BOY |
| EOY | 1483985 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1751065 | BOY |
| EOY | 1747119 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3860008 | BOY |
| EOY | 3231104 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 142552136 | BOY |
| EOY | 157503195 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 571843 | BOY |
| EOY | 1044239 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3061016 | BOY |
| EOY | 3061016 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146184995 | BOY |
| EOY | 161608450 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 150045003 | BOY |
| EOY | 164839554 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -5385280 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 20808735 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 41351562 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 41564332 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 43101344 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 46077398 | CurrentTaxYearMinus1Year |
| Current Tax Year | 44256847 | CurrentTaxYear |
| Total | 216351483 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 41351562 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 41564332 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 43101344 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 46077398 | CurrentTaxYearMinus1Year |
| Current Tax Year | 44256847 | CurrentTaxYear |
| Total | 216351483 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 9458686 | AmountsSubstContributorsTotal |
| Public Support Total170 | 206892797 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 4469992 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3171112 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2003558 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1896408 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2003053 | CurrentTaxYear |
| Total | 13544123 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 229895606 | TotalSupport |
| Gross Receipts From Admissions Etc | 8087041 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.89990 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.88600 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4003146 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 637146 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 164750 | GrantsOrScholarships |
| End Of Year Balance | 4475542 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 4392393 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -220742 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 168505 | GrantsOrScholarships |
| End Of Year Balance | 4003146 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3816944 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 732473 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 157024 | GrantsOrScholarships |
| End Of Year Balance | 4392393 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3061016 | BeginningOfYearBalance |
| Contributions | 370287 | Contributions |
| Investment Earnings Or Losses | 436258 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 50617 | GrantsOrScholarships |
| End Of Year Balance | 3816944 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 3061016 | BeginningOfYearBalance |
| End Of Year Balance | 3061016 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.08280 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.68390 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.23330 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 390349 | OtherCostOrOtherBasis |
| Depreciation | 187641 | Depreciation |
| Book Value | 202708 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 209640 | OtherCostOrOtherBasis |
| Depreciation | 136039 | Depreciation |
| Book Value | 73601 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 9286630 | OtherCostOrOtherBasis |
| Depreciation | 1805130 | Depreciation |
| Book Value | 7481500 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 7757809 | TotalOfBookValueLandBuildings |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 73937634 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 20808735 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | 20808735 | RevenueNotRptdF990 |
| Revenue Subtotal | 53128899 | RevenueSubtotal |
| Investment Expenses Not Included | 267274 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 267274 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 53396173 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 58514179 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 58514179 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 267274 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 267274 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 58781453 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Intended Use of Endowment Funds: | Part V, Line 4: | The income from the endowment funds is used to pay for scholarships sponsored by the donors in the National Merit Program and the National Achievement Program. |
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | NMSC is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, NMSC may recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. Management evaluated NMSC's tax positions for all open tax years and has concluded that NMSC had taken no uncertain tax positions that require adjustment to the financial statements. Generally, NMSC is no longer subject to income tax examinations by the U.S. federal, state or local tax authorities for years before fiscal year 2010, which is the standard statute of limitations look-back period. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | College Entrance Examination Board | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 Columbus Avenue | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10023 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 131623965 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 2673756 | AmountOfCashGrant |
| Purpose Of Grant | Preliminary SAT/National Merit Scholarship Qualifying Test | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part III Form990ScheduleIPartIII (2 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| National Merit Program Scholarship Grants | 28445 | 45013206 |
| National Achievement Program Scholarship Grants | 1040 | 2412701 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: In order to monitor the use of the scholarship grants, NMSC prepares checks that are payable to the selected scholars or their universities/colleges. These checks are mailed directly to the applicable college or university. NMSC instructs the college or university to verify the Scholar's eligibility for the payment prior to distributing the checks to students or applying them to the Scholar's university account. If the student is ineligible for the payment, NMSC asks the college or university to either send the check back to NMSC or to provide NMSC with a refund if the check has already been deposited by the institution. Scholars have an agreement with NMSC that their stipend checks are only to be used for college undergraduate studies and that any unused portion must be returned to NMSC. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Timothy E McGuire | NamePerson |
| Title | President | Title |
| Base Compensation Filing Org | 217692 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 39058 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 663 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 257413 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | Part I, Line 4a | ReturnReference |
| Explanation | Thomas S. Blade received a severance payment of $34,125 in his 2012 W-2. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| Form 990, Part VI, Section B, line 11 | The Form 990 is prepared by McGladrey LLP and then is reviewed internally by NMSC's Treasurer. McGladrey LLP makes any necessary edits and the Form 990 is then reviewed by NMSC's President, and is then forwarded to NMSC's legal counsel for an additional review. The completed Form 990 is then mailed to NMSC's Audit Committee and Board of Directors prior to filing. |
| Form 990, Part VI, Section B, line 12c | NMSC requires all members of NMSC's Board of Directors and all Officers to complete a disclosure form on an annual basis to disclose any interests that could give rise to conflicts. In addition, the written policy is provided to all new employees and is constantly available to all directors, employees, and officers along with all other policies and procedures on NMSC's network. |
| Form 990, Part VI, Section B, line 15 | NMSC's Executive Committee annually determines the salary for NMSC's President based on comparable market data. All other salaries are determined by NMSC's President within the parameters of the compensation budget which is approved annually by the Board of Directors. NMSC regularly receives and reviews salary survey data from comparable not-for-profit organizations. This information is reviewed by NMSC's Chairman and the President before determining annual salary adjustments. The process for determining compensation was recorded in the Executive Committee's minutes. |
| Form 990, Part VI, Section C, line 19 | NMSC's annual audited financial statements are made available to the public as part of NMSC's Annual Report, which is posted on NMSC's website each year. At this time, NMSC's governing documents and conflict of interest policy are not made available to the public. |